im not "down on it", i just think it is hugely overvalued.
MC over $200 million before any drills had hit the ground, and now they have the market is realising they probably are not as good as what the managment spruiks them to be.
As i have said before, there are plenty of IO juniors out there with JORCd reserves and an MC lower than this, so why buy this? There is even one IO producer with an MC under 100 mill
crash and burn, page-6
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83.0¢ |
Change
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Mkt cap ! $165.8M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 81.3¢ | $13.56K | 16.35K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1612 | 80.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 4000 | 1 |
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